Governance essentials

Access practical guidance from the AICD on the key duties, responsibilities and best practices that underpin effective governance. These resources support effective board performance and decision-making.

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What is good governance?

Good governance relies on a solid understanding of the core principles and practices that guide how organisations are directed and controlled. This foundational area highlights the roles, responsibilities and frameworks that underpin effective decision-making and accountability for directors.

Featured resources

Explore our curated selection of resources, designed to provide directors with practical support and authoritative guidance on the essentials of governance.

AICD submission on the Registry Stabilisation and Uplift Project. <p>Our submission was strongly supportive of the intent of the project, being to strengthen the reliability and integrity of the Register.</p>
Ethics in the boardroom second edition. <p>Supporting directors to identify and navigate the ethical dimensions embedded in board decisions.<br />  </p>
AICD welcomes revised governance proposals. <p>The Australian Institute of Company Directors (AICD) has welcomed APRA’s updated governance proposals which reflect a sensible response.</p>

Explore subtopics

Browse the key areas of governance essentials below and select a subtopic to access targeted resources, guides and practical tools.

Director roles and responsibilities. <p>Understand the legal and ethical duties of directors and the responsibilities each board member holds. We cover key obligations, decision-making responsibilities and the expectations of directors to act in the best interest of the organisation. Resources here will help you navigate your role with confidence and clarity.</p>
Board composition. <p>Explore guidance on building an effective board, including the skills, experience and diversity required for strong governance. Learn how to evaluate and optimise board structure to ensure a balance of expertise and perspectives that support organisational performance.</p>
Board minutes. <p>Discover best practices for recording, maintaining and using board minutes effectively. This subtopic provides guidance on documenting decisions, maintaining compliance and ensuring that minutes accurately reflect board discussions and actions.</p>
Advisory boards and committees. <p>Uncover the purpose, structure and function of advisory boards and committees. Resources in this area will help you establish, manage and leverage these groups to provide expertise, oversight and support to the main board.</p>
Managing stakeholders. <p>Learn how boards can engage effectively with key stakeholders, including shareholders, employees, regulators and the broader community. We provide guidance on communication, transparency and building trust to strengthen governance outcomes.</p>
Financial governance. <p>Access guidance on overseeing financial management, reporting, and accountability. Resources cover budgeting, risk management, internal controls and monitoring organisational financial performance to support informed board decisions.</p>
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FEATURED COURSE

Governance Essentials

Gain the knowledge and clarity to discharge your director duties effectively. Understand the role of the board, directors and management in a well-run organisation.

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